Faster than cash.
Faster and cheaper than Western Union.
Faster and cheaper than Moneygram.
Not true.
I want to see you send $100 via BTC to the USA and have someone pick it up in USD Cash at the local grocery store in minutes after it was sent.
With BTC,
Send BTC, Recieve BTC, Send to Exchange, Recieve at Exchange, Sell BTC (hoping you don't get Goxed), withdraw USD via Dwolla/Paxum to Bank and finally into USD you can get across a counter.
I fail to see the speed advantage?
Western Union can take up to an hour. On the phone costumer service tells you to wait 20 minutes but it usually takes longer. What does time frame does Western Union Guarantee... None.
In Minutes Money Transfer Service
Funds may be delayed or services unavailable based on certain transaction conditions, including amount sent, destination, country, currency availability, regulatory issues, identification requirements, Agent location hours, differences in time zones, or selection of delayed options. For Internet and Telephone Services you must use a credit or debit card issued by a U.S. bank. Qualifying PIN-based debit cards are accepted at participating Agent locations. A card issuer cash advance fee may apply.
We are talking bitcoin vs other electronic service aren't we?
You attempting to compare apples to oranges. Transferring currency versus transferring currency then exchanging it for a different currency.
We don't want USD at all.